Quinns and IBRC agree on variations of freezing orders

Members of Seán Quinn’s family may deal with certain bank accounts and shareholdings and regain control of their cars provided they disclose material sought by the receiver appointed over their assets under an agreement reached at the Commercial Court.

Mr Justice Peter Kelly ruled that agreement yesterday and urged the sides to try and reach any further variations of freezing orders on their accounts “without rancour” and, if possible, without having to resort to the expensive procedure of applying to the court.

The Quinns had argued the variations being sought could, and should, have been agreed with Irish Bank Resolution Corporation and the receivers without a need for a court application.